Oil prices up on economic news, Mideast tension

AP News
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Posted: Dec 13, 2011 3:37 PM
Oil prices up on economic news, Mideast tension

Oil prices jumped Tuesday as tensions rose in Iran and strong retail sales put a rosier glow on the U.S. economy.

Here's how energy prices traded.

On the New York Mercantile Exchange:

Crude rose $2.37 to end at $100.14 per barrel.

Gasoline increased 6.18 cents to finish at $2.6254 per gallon.

Heating oil rose by 3.27 cents to end at $2.9288 per gallon.

Natural gas rose by 2.5 cents to finish at $3.2790 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $2 to end the day at $109.08 per barrel.